Feed-in tariffs are typically set by the government or local utility and are designed to incentivize the adoption of renewable energy sources like Solar power. The amount of the feed-in tariff payment can vary depending on factors such as the size of the Solar system, the location of the system, and the time of day when the electricity is generated.
In some cases, feed-in tariffs may be paid as a fixed rate per kilowatt-hour of electricity generated, while in other cases they may be paid as a percentage of the retail electricity rate. Some feed-in tariffs may also include additional incentives or bonuses for systems that meet certain criteria, such as using locally manufactured components or being installed by certified installers.
It’s important for Solar system owners to carefully research and understand the feed-in tariff options available in their area, as well as any other incentives or rebates that may be available to them. By taking advantage of feed-in tariffs and other programs, Solar system owners can maximize the financial benefits of their investment in renewable energy.
